INTRINSIC Semiconductor Acquires AMDS in Sweden
DULLES, Va.—(BUSINESS WIRE)—Oct. 12, 2004—
INTRINSIC Semiconductor, a privately held manufacturer
of wide bandgap materials, today announced that it is has acquired
Advanced Micro Device Solutions AB (Kista, Sweden). AMDS is a
privately funded company currently sampling radio-frequency (RF),
power and sensor components based on patented state-of-the-art silicon
carbide (SiC) technology.
Dr. Cengiz Balkas, INTRINSIC President and CEO stated, "The
strategic acquisition of AMDS allows INTRINSIC to have an organic
presence in Europe; a key market for the future growth of our
business. AMDS allows INTRINSIC to immediately offer a portfolio of
discrete SiC device products. This acquisition is a vital step for
INTRINSIC in order to leverage our existing core SiC materials
technology into expanding device markets. Additionally, AMDS' patented
technologies further improve upon INTRINSIC's distinct intellectual
property position. With the recent announcement of our gallium nitride
(GaN) epitaxial services business, INTRINSIC now offers a full array
of complementary wide bandgap materials and device solutions."
"Our team is very pleased to be joining INTRINSIC and look forward
to continuing our efforts in developing the industry's
highest-performing SiC devices," said Bengt-Olof Larsson, Chairman of
AMDS. Dr. Chris Harris, Technical Director AMDS, added, "We are
excited to have access to internal SiC substrates, epitaxy, which
together with our comprehensive applications engineering effort will
enable technically disruptive RF, power and sensor components.
INTRINSIC also provides the ideal platform to advance our device
activities in the US market."
AMDS, renamed INTRINSIC Semiconductor AB, will become a wholly
owned European subsidiary of INTRINSIC.
About INTRINSIC Semiconductor Corporation
INTRINSIC Semiconductor is a privately held emerging growth
company focusing on materials and device technologies based on SiC and
GaN; clear forerunners for next-generation high power and
high-frequency device applications. For additional information on
INTRINSIC, please visit www.intrinsicsemi.com.
For more information on INTRINSIC, contact:
contact@intrinsicsemi.com
For sales and product information or to request a quotation,
contact: sales@intrinsicsemi.com
About AMDS, AB
Advanced Micro Device Solutions (AMDS), a private company founded
in Sweden in 2001, develops proprietary RF, power and sensor devices
using patented state-of-the-art SiC technology.
Contact:
INTRINSIC Semiconductor Corporation
Cengiz Balkas, 703-437-4000
